
% Table created by stargazer v.5.2.3 by Marek Hlavac, Social Policy Institute. E-mail: marek.hlavac at gmail.com
% Date and time: Tue, Aug 19, 2025 - 15:03:33
\begin{table}[!htbp] \centering 
  \caption{Cumulative abnormal returns from assistant vice-minister and vice-minister appointments, outside director appointments} 
  \label{tab: event_study_director} 
\footnotesize 
\begin{tabular}{@{\extracolsep{5pt}} cccc} 
\\[-1.8ex]\hline 
\hline \\[-1.8ex] 
Event Day & Estimate & 95\% CI lower & 95\% CI upper \\ 
\hline \\[-1.8ex] 
-7 & 0 & 0 & 0 \\ 
-6 & -0.19 & -0.7 & 0.33 \\ 
-5 & 0.21 & -0.45 & 0.95 \\ 
-4 & 0.55 & -0.37 & 1.47 \\ 
-3 & 0.46 & -1.03 & 1.92 \\ 
-2 & -0.54 & -2.55 & 1.27 \\ 
-1 & 0.19 & -1.86 & 2.37 \\ 
0 & 0.1 & -2.37 & 2.41 \\ 
1 & 0.14 & -2.68 & 2.93 \\ 
2 & 0.05 & -2.68 & 2.81 \\ 
3 & 0.09 & -2.7 & 2.8 \\ 
4 & -0.06 & -3.01 & 2.85 \\ 
5 & -0.88 & -3.92 & 2.15 \\ 
6 & -0.28 & -3.5 & 2.95 \\ 
7 & -0.4 & -4.08 & 2.98 \\ 
8 & -0.12 & -3.92 & 3.44 \\ 
\hline \\[-1.8ex] 
\multicolumn{4}{l}{Note: Total events = 19} \\ 
\end{tabular} 
\end{table} 
